other_material
confidence high
sentiment neutral
materiality 0.60
FGI Industries to effect 1-for-5 reverse share split on July 31, 2025
FGI Industries Ltd.
- 1-for-5 reverse share split effective 12:01 a.m. ET on July 31, 2025; par value changes from $0.0001 to $0.0005 per share.
- As of April 24, 2025, FGI had 9,591,555 Ordinary Shares outstanding; split reduces share count proportionately.
- Fractional shares will be paid in cash (no interest); holders via brokerage need no action.
- Warrants (FGIWW) adjusted: every 5 warrants exercisable for 1 Ordinary Share at $30.00 per share.
- Equity incentive plan shares and outstanding option exercise prices adjusted proportionately; percentage ownership unchanged except for fractional shares.
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